The United Kingdom is establishing a government organization dedicated to monitoring and strengthening the enforcement of trade sanctions on Russia. Nusrat Ghani, industry and economic security minister, recently announced the creation of the Office of Trade Sanctions Implementation. The OTSI will be responsible for ensuring that companies in the U.K. are adhering to trade sanctions,...
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Category: Investment Security
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L3Harris Works With Voyis, Wavefront Systems to Deliver Enhanced AUV Capabilities
L3Harris Technologies has collaborated with Voyis Imaging and Wavefront Systems to enhance the capabilities of autonomous underwater vehicles that will be delivered to the naval forces of a NATO member state. Under the partnership, L3Harris integrated a combined payload of the Voyis Recon LS and the Wavefront Solstice 3000 multiple-aperture sonar into its Iver4 900...
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GM Defense, Jankel to Provide International Customers With Modern Mobility Platforms
GM Defense has partnered with United Kingdom-based Jankel to provide defense, government and civilian customers with enhanced mobility solutions. Under a memorandum of understanding signed by the two parties, GM and Jankel will modernize the mobility platforms of military customers in the United States, the U.K., Europe and select locations across the globe. According to...
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AUKUS Security Alliance Launches Investor Network to Accelerate Advanced Military Technology Development
Australia, the United Kingdom and the United States have launched a new initiative that promotes the development of new advanced military technologies. The AUKUS Defense Investor Network is comprised of private capital investors from about 300 institutional venture capital firms, corporate venture capital groups and family offices from the three nations. Together, the network represents over...
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Australia Developing Intel Cloud Interoperable With US, UK Spy Networks
Australia is working on a top secret intelligence cloud system that would be interoperable with the United States and the United Kingdom. According to Andrew Shearer, director general of the Office of National Intelligence, the upcoming cloud infrastructure would function with the spy networks operated by Australia’s AUKUS partners. At an event hosted by the...
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Poland Adds $2.6B Worth of K9 Self-Propelled Howitzers From Hanwha
Poland is acquiring over 150 more K9 Thunder self-propelled howitzers from South Korea. On Friday, Poland’s State Armament Agency said it signed a contract valued at $2.6 billion with South Korean defense company Hanwha Aerospace for the 155 mm artillery. The agreement includes six self-propelled K9 howitzers that Hanwha Defense is scheduled to deliver in 2025 and 146...
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SIPRI: US Remains World’s Top Arms Supplier, But Production Issues Cut Revenues
The United States continued to dominate the list of the world’s top 100 arms and military services companies, accounting for 51 percent of the sector’s $597 billion revenue in 2022. According to new data from the Stockholm International Peace Research Institute, the 42 U.S. defense companies on the list saw supply chain, labor shortage and...
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Thales Acquires California-Based Cybersecurity Company Imperva for $3.6B
Thales has completed the acquisition of Imperva, a California-based cybersecurity company, for approximately $3.6 billion. The French aerospace, defense and security company reached an agreement to make the purchase from software investment firm Thoma Bravo in July, a transaction that was initially expected to end in the first quarter of 2024. The addition of Imperva expands Thales’ cybersecurity portfolio....
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Google Digital Futures Project to Promote Best AI Deployment in Europe
Google has launched the Digital Futures Project to support its objective of deploying the best artificial intelligence technologies in Europe. According to Kent Walker, president of global affairs at Google, the project underscores the company’s conviction that Europe has a big role to play in advancing the future of AI. Delivering his speech at the...
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Intelsat Shifts to $50B End-to-End Connectivity Market
A satellite industry market shift has prompted Intelsat’s strategy reboot from a bandwidth supplier to an “end-to-end provider of seamless and secure satellite-based network solutions to government and commercial customers globally,” CEO David Wajsgras said. Speaking at an investor day event on Thursday, Wajsgras said that the satellite industry has grown from its estimated $12 billion...